UNDERSTANDING TRENDING SCAMS IN SOUTH AFRICA AND WHAT BANKS NEED TO DO TO REBUILD PUBLIC TRUST
Bradley Elliot Digital and mobile-first banking has changed our lives for the better, but it has exposed us to a range of increasingly complex financial crime threats. According to South Africa’s Banking Risk Information Centre (SABRIC), 65.3% of 2024’s reported incidents were related to digital banking, with losses exceeding R1.4 billion. Phishing scams, identity fraud and other…

